Rupee at all-time low! Currency slumps 45 paise to close at 88.73 against US dollar; Visa fee shock, FII outflows add pressure
The rupee depreciated 45 paise to settle at a fresh all-time low of 88.73 against the US dollar on Tuesday, weighed down by sustained foreign fund outflows and concerns over the steep hike in the US H-1B visa fee, which exporters fear will hit India’s IT services sector.Forex traders said the local currency extended losses…
